Peru Implements Protocol to Upgrade Free Trade Agreement with China Starting November
Cubierto por 4 fuentesPublicado
- andina_seccioneconomiaPerú pondrá en ejecución desde el 1 de noviembre protocolo que optimiza TLC con China
- apam_nacionalesTLC Perú – China: optimización del acuerdo rige desde este 1 de noviembre, ¿qué ganará el país?
- Data PortuariaProtocolo de optimización del TLC Perú-China entra en vigencia el 1 de noviembre de 2026
- andina_seccioneconomiaOptimización del TLC con China permitirá impulsar el comercio y atraer inversiones
- mas cointainerPeru-China relations advance towards a new stage of bilateral cooperation
Starting November 1, 2026, the Peruvian Government put into effect the Protocol Upgrading the Free Trade Agreement (FTA) between Peru and China, with the aim of implementing the provisions agreed upon by both countries to update the trade agreement. The measure was established through Supreme Decree No. 012-2026-MINCETUR, published in the Official Gazette El Peruano.
Background of the agreement
The FTA between Peru and China was signed on April 28, 2009 in Beijing and ratified through Supreme Decree No. 092-2009-RE, entering into force on March 1, 2010. The upgrade protocol, for its part, was signed in Lima on November 14, 2024 and ratified through Supreme Decree No. 035-2026-RE, published on July 25, 2026, following the exchange of diplomatic notifications between both governments regarding compliance with their legal requirements.
Changes to the agreement
The update incorporated improvements in chapters such as rules of origin, customs procedures, trade facilitation, services, temporary entry for business persons, investment, intellectual property, and sanitary and phytosanitary measures, in addition to new provisions on competition, e-commerce, global supply chains, and the environment, as explained by Gabriel Arrieta, head of Economic Studies and Trade Intelligence at Adex, during an event organized by Universidad del Pacífico.
Growth in bilateral trade
Arrieta noted that over the past 25 years, Peruvian exports to China grew at an average annual rate of 19.2%, reaching 33,500 million dollars by the end of 2025, while the number of Peruvian exporting companies to that market quintupled to 704 in 2025. Meanwhile, Chinese ambassador to Peru, Song Yang, stated that bilateral trade grew from 6,400 million dollars in 2009 to 50,400 million dollars in 2025, an increase of nearly sevenfold.
Diplomatic relations and Chancay
During an academic conference at the Peruvian Foreign Ministry marking 55 years of diplomatic relations between the two countries, Vice Minister Eric Anderson highlighted the strengthening of the bilateral relationship, while the director of the Center for Asian Studies at UNMSM, Carlos Aquino, underscored the impact of the Port of Chancay as a logistics hub for trade between the South American Pacific and Asia-Pacific. Along the same lines, Universidad del Pacífico professor Leolino Dourado stated that the bilateral relationship made it possible to bring strategic projects such as Chancay to fruition, whose operation represents an opportunity to develop a regional logistics platform connected to Asia.
